Economy Continues To Tank - Stimulus Bill Looks Like A Total Failure
BREAKING NEWS: Economy loses 467,000 jobs in June, worse than expected; jobless rate at 9.5%
Looks like the trillions spent to "stimulate" the economy was a waste of money
Jobless rate rises to 9.5 percent
Employers slashed a larger-than-expected 467,000 jobs in June
Out-of-work with no place to land, the legions of America's unemployed are growing. The nation's unemployment rate rose to 9.5 percent in June, a 26-year high, the Labor Department said Thursday.
The rising rate comes as recession-weary companies continue to cut workers. Businesses slashed a larger-than-expected 467,000 jobs in June, up from 345,000 job cuts in May.
Companies are expected to keep shedding jobs through the rest of this year, but economists hope the pace will continue to taper off
http://www.msnbc.msn.com/id/31704515...s_and_economy/
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